KYB : FLASH REPORT (April 1, 2023 to June 30, 2023)

	FLASH REPORT
		August. 8, 2023
Company name (official)	: KYB Corporation	URL https://www.kyb.co.jp/english/
Stock listing	: Tokyo Stock Exchange (Prime Market)
Code number	: 7242
Address of head office	: 4-1,Hamamatsu-cho2-chome,Minato-ku, Tokyo 105-5128, Japan
Telephone	: [phone]
For further information, please contact : Norimichi Fukuda, General Manager,
	Public Relations & Investor Relations Sect., Executive Office Dept.

The following statements are an English-translation of the original Japanese-language document for your convenience.

In the case that there is any discrepancy between Japanese and English versions, Japanese version is assumed to be correct.

(All amounts are rounded to the nearest million yen, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2023 ( from April 1, 2023 to June 30, 2023 )

(1) Consolidated operating results

(Percentages indicate the change of the same period of the previous year)

	Net sales		Segment profit	Operating profit	Profit before taxes
Three months ended	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen		%
June 30, 2023	107,268		6.8	4,203	(26.0)	6,381	(14.7)	6,370		(15.3)
June 30, 2022	100,409		5.8	5,679	(11.0)	7,479	6.5	7,521		13.3
	Profit for the period	Profit attributable to	Comprehensive	Basic earnings
	owners of the parent	income for the period	per share
Three months ended	Millions of yen		%	Millions of yen	%	Millions of yen	%	Yen
June 30, 2023	5,481		2.0	5,070	1.2	12,971	(15.0)	189.31
June 30, 2022	5,376		7.6	5,012	7.1	15,267	182.0	187.07
	Diluted earnings
	per share
Three months ended	Yen
June 30, 2023	189.26
June 30, 2022	－

*Segment profit is calculated by deducting cost of sales and selling, general and administrative expenses from sales.

(2) Consolidated financial position

			Equity	Ratio of equity	Equity attributable to
			attributable to	attributable to
	Total assets	Total equity	owners of the parent per
	owners	owners of the parent
			share
			of the parent	to total assets
As of	Millions of yen	Millions of yen	Millions of yen	%	Yen
June 30, 2023	456,523	199,490	191,223	41.9	6,995.96
March 31, 2023	446,836	191,036	182,830	40.9	6,658.30

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2. Cash dividends

Annual cash dividends per share

End of

End of

End of

Year-end

Total

first quarter

second quarter

third quarter

Yen

Yen

Yen

Yen

Yen

Previous fiscal year

－

70.00

－

130.00

200.00

Current fiscal year

－

Current fiscal year (forecast)

100.00

－

100.00

200.00

*The above table shows dividends on common shares. Please refer to "(Reference) Dividends for Class Shares" for

information regarding dividends on class shares, which are unlisted and have different rights from common shares.

3. Forecasts for the current fiscal year ( April 1, 2023 to March 31, 2024 )

(Percentages indicate the change of the same period of the previous year)

Net sales

Segment profit

Operating profit

Profit before taxes

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Current fiscal year

450,000

4.4

28,000

9.8

29,800

(8.4)

27,900

(12.2)

Profit for the period

Profit

Basic earnings

attributable to

per share

owners of the parent

Millions of yen

%

Millions of yen

%

Yen

Current fiscal year

21,400

(25.3)

20,000

(26.5)

746.16

*Segment profit is calculated by deducting cost of sales and selling, general and administrative expenses from sales.

(Reference) Dividends for Class Shares

Dividends per share related to Class Shares with different rights from those of common shares are as follows.

			Annual cash dividends per share
Class A Shares
End of first		End of second	End of third	Year-end	Total
	quarter		quarter	quarter
	Yen		Yen	Yen	Yen	Yen
Previous fiscal year		－	3,760,274.00	－	3,739,726.00	7,500,000.00
Current fiscal year		－
Current fiscal year (forecast)			3,750,000.00	－	3,750,000.00	7,500,000.00

• Number of Class A Shares issued are 125 shares. The Class A Shares were issued on 28 June 2021. Dividend whose reference date is attributed during FY2023 is planned to be 937 million yen.

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Consolidated Statements of Financial Position

KYB Corporation and its Consolidated Subsidiaries

		(Unit: Millions of yen)
	As of March 31, 2023	As of June 30, 2023
Assets
Current assets:
Cash and cash equivalents	43,585	47,609
Trade and other receivables	120,247	117,891
Inventories	70,535	74,264
Other current financial assets	4,166	3,994
Other current assets	13,419	14,440
Total current assets	251,952	258,199
Non-current assets:
Property, plant and equipment	158,360	161,134
Goodwill	268	291
Intangible assets	3,218	3,197
Investments accounted for using the equity method	6,960	7,109
Other non-current financial assets	16,205	18,470
Other non-current assets	7,117	5,352
Deferred tax assets	2,755	2,770
Total non-current assets	194,884	198,324
Total assets	446,836	456,523

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		(Unit: Millions of yen)
	As of March 31, 2023	As of June 30, 2023
Liabilities and equity
Current liabilities:
Trade and other payables	84,114	84,512
Borrowings	69,053	69,330
Income tax payables	2,545	1,479
Other current financial liabilities	30,360	31,716
Provisions	8,357	11,865
Other current liabilities	2,774	1,342
Total current liabilities	197,204	200,244
Non-current liabilities:
Bonds and borrowings	15,490	15,410
Liabilities for retirement benefits	4,653	2,910
Other non-current financial liabilities	24,859	24,350
Provisions	5,490	5,439
Other non-current liabilities	522	479
Deferred tax liabilities	7,582	8,202
Total non-current liabilities	58,596	56,789
Total liabilities	255,800	257,032
Equity
Equity attributable to owners of the parent:
Share capital	27,648	27,648
Capital surplus	38,371	38,371
Retained earnings	98,492	99,766
Treasury shares	(583)	(583)
Other components of equity	18,903	26,021
Total equity attributable to owners of the parent	182,830	191,223
Non-controlling interests	8,206	8,267
Total equity	191,036	199,490
Total liabilities and equity	446,836	456,523

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Consolidated Statements of Income

KYB Corporation and its Consolidated Subsidiaries

		(Unit: Millions of yen)
	For the three months	For the three months
	ended June 30, 2022	ended June 30, 2023
	（Apr. 1, 2022 through Jun. 30, 2022)	（Apr. 1, 2023 through Jun. 30, 2023)
Net sales	100,409	107,268
Cost of sales	80,148	88,551
Gross profit	20,261	18,717
Selling, general and administrative expenses	14,583	14,514
Equity in profit of affiliates	227	289
Other income	1,602	2,211
Other expenses	28	322
Operating profit	7,479	6,381
Finance income	414	523
Finance costs	372	533
Profit before taxes	7,521	6,370
Income tax expenses	2,145	889
Profit for the period	5,376	5,481
Profit attributable to:
Owners of the parent	5,012	5,070
Non-controlling interests	364	411
Profit for the period	5,376	5,481
Earnings per share
Basic earnings per share (in yen)	187.07	189.31
Diluted earnings per share (in yen)	-	189.26

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